Vanoil Energy Ltd.

Vanoil Energy Ltd.

November 07, 2011 14:17 ET

Vanoil Announces Revised 2011/2012 Work Programs for Blocks 3A & 3B in Kenya

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2011) - Vanoil Energy Ltd. ("Vanoil") (TSX VENTURE:VEL) is pleased to announce that the Ministry of Energy of Kenya has accepted Vanoil's revised work programs for 2011 and 2012 on Vanoil's 100% owned Blocks 3A and 3B, which are comprised of 24,912 square kilometres of oil and gas concessions in the Republic of Kenya's Central African Rift Basin System.

Work Programs for Calender 2011/2012 Blocks 3A&3B

The new approvals granted by the Ministry of Energy of Kenya for Vanoil's 2011 and 2012 work programs included the following objectives:

Calender Year 2011

  • Commence 2D mobilization to acquire additional 75km seismic.
  • Sign a memorandum of understanding with BGP for 50 square kilometres of 3D seismic on Blocks 3A and 3B.

Calender Year 2012

First Quarter

  • Process, interpret and integrate all vintage and seismic data.
  • Determine the optimum target.
  • Mobilization of crew for 3D seismic program.

Second Quarter

  • Acquire 50 square kilometres of 3D seismic data.

Third Quarter

  • Process, interpret and integrate all 2D and 3D seismic data.

Fourth Quarter

  • Plan and design to drill a well at a minimum depth of 3,000 meters in first quarter 2013.

About Vanoil Energy Ltd.

Based in Vancouver, Canada, Vanoil Energy Ltd. is an internationally diversified resource company that has a comprehensive portfolio of oil and gas assets in the African countries of Kenya and Rwanda, and in the Province of Alberta, Canada. In Kenya, Blocks 3A and 3B were acquired in October 2007 through the signing of a Production Sharing Contract with the Government of the Republic of Kenya. Blocks 3A and 3B, which cover 24,912 square kilometres, are part of the vastly under-explored Cretaceous Central African Rift Basin System, an area that may hold the next major sub-Saharan discoveries. Vanoil's 1,631 square kilometres of oil and gas exclusive licence in the East Kivu Graben in Rwanda is at the southern extension of the Albertine Graben where Heritage and Tullow Oil made their historic discovery in neighbouring Uganda.

On Behalf of the Board of


Dal Brynelsen, President and CEO

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